The Executive Board and the Supervisory Board of OVB Holding AG are strongly committed to company management geared towards adding value. We welcome and stand by the standards created by virtue of the German Corporate Governance Code ("GCGC") relating to the management and supervision of listed companies. These standards enhance the transparency and efficiency of company management and instil confidence in international and national investors, clients, financial advisors and employees, and the general public.
The Executive Board and the Supervisory Board alike, ensure that OVB monitors its own Corporate Governance structures throughout the group on a regular basis, developing and refining them continually.
For general information concerning the Corporate Governance Code please visit the website of the Government Commission on the German Corporate Governance Code (www.corporate-governance-code.de
The Audit Committee was set up effective as of December 8, 2006. Apart from monitoring the financial accounting process, the Audit Committee concerned itself primarily with the effectiveness of the internal control system, the risk management system and the internal auditing system, the audit of financial statements and the compliance management system. Since 2009 the interim financial reports will be discussed with the Management Board by the Audit Committee prior to publication.
Dr. Thomas A. Lange (Chairman)
Michael Johnigk
Maximilian Beck
Markus Jost
The Nomination and Remuneration was set up effective as of July 8, 2010. with the purpose of suggesting suitable candidates for the Supervisory Board’s election proposals to the Annual General Meeting and dealing with the composition of the Executive Board and questions of its members’ remuneration.
Markus Jost (Chairman)
Michael Johnigk
Upon coming into force of the "Viertes Finanzmarktförderungsgesetz" on July 1, 2002 the members of the Board of Executive Directors (Vorstand) and the Supervisory Board (Aufsichtsrat) of OVB Holding AG have to disclose the purchase or the sale of OVB shares in accordance with Article 15a of the German Securities Trading Act (Wertpapierhandelsgesetz). Following the enactment of the Investor Protection Improvement Act (Anlegerschutzverbesserungsgesetz) on October 30, 2004, these reporting obligations also apply to persons who have regular access to inside information and are authorized to make significant corporate decisions. The reporting obligations further apply to securities dealings by natural persons or legal entities who are closely related to one of the aforementioned persons.
| Date of transaction | Name/reason for the disclosure requirement/ position | Type of the transaction (purchase/sale)/description of the financial instrument and ISIN/place (stock exchange) | Number of items/ price per item/ currency/total amount traded |
|---|---|---|---|
| 02/12/2009 | Jürgen Kotulla Chief Executive Manager | sale OVB common share DE0006286560 Frankfurt (Xetra) | 15,000 Euro 43.00 Euro 645,000.00 |
| 02/13/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 5,000 Euro 46.80 Euro 234,000.00 |
| 02/16/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 5,000 Euro 47.00 Euro 235,000.00 |
| 02/16/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 2,000 Euro 46.00 Euro 92,000.00 |
| 02/16/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 5,000 Euro 45.50 Euro 227,500.00 |
| 02/16/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 295 Euro 45.40 Euro 13,393.00 |
| 02/16/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 1,000 Euro 45.60 Euro 45,600.00 |
| 02/16/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 1,933 Euro 45.1 Euro 88,164.13 |
| 02/16/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 190 Euro 45.77 Euro 8,696.30 |
| 02/16/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 1,000 Euro 45.85 Euro 45,850.00 |
| 02/16/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 80 Euro 45.90 Euro 3,672.00 |
| 02/16/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 502 Euro 45.30 Euro 22,740.60 |
| 05/14/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 500 Euro 39.70 Euro 19,850.00 |
| 05/15/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 500 Euro 39.50 Euro 19,750.00 |
| 05/15/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 500 Euro 39.70 Euro 19,850.00 |
| 05/182009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 500 Euro 39.70 Euro 19,850.00 |
| 05/18/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 500 Euro 39.90 Euro 19,950.00 |
| 05/18/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 1,500 Euro 40.00 Euro 60,000.00 |
| 05/19/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 500 Euro 40.10 Euro 20,050.00 |
| 05/19/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 14,000 Euro 40.00 Euro 560,000.00 |
| 05/20/2009 | Michael Frahnert Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 3,000 Euro 40.00 Euro 120,000.00 |
| 05/28/2009 | Oskar Heitz Executive Board | sale OVB common share DE0006286560 Frankfurt (Xetra) | 290 Euro 39.00 Euro 11,310.00 |